Negative macroeconomic statistics from the Japan | 14 Marzo 2022

14 Marzo 2022, USD/JPY

Negative macroeconomic statistics from the Japan

USDJPY trading plan:

Japan's household spending rose in January but the business mood sank in the first quarter as rising raw material costs squeezed corporate margins, leaving the country's resource-poor economy facing a hard grind ahead. Household spending rose 6.9% in January from a year earlier, government data showed. Looser curbs to deal with a spike in new Omicron coronavirus variant cases remain in place in some areas of Japan, weighing on household spending. Japan's heavy reliance on imports for fuel and commodity makes its economy vulnerable to a rise in raw material costs.

Investment idea: buy 116.97 and take profit 117.48.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.